Stratos Wealth Partners LTD. Takes Position in Palantir Technologies Inc

Palantir Technologies logoStratos Wealth Partners LTD. bought a new stake in Palantir Technologies Inc (NYSE:PLTR) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 17,791 shares of the company’s stock, valued at approximately $169,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in shares of Palantir Technologies during the 3rd quarter valued at about $36,000. CAPROCK Group Inc. acquired a new stake in Palantir Technologies in the third quarter valued at approximately $301,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Palantir Technologies in the third quarter valued at approximately $1,029,000. Usca Ria LLC acquired a new position in Palantir Technologies during the third quarter worth $141,000. Finally, NEXT Financial Group Inc purchased a new position in Palantir Technologies during the third quarter valued at $54,000.

In related news, Director Alexander D. Moore sold 285,000 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $9.54, for a total transaction of $2,718,900.00. Following the completion of the transaction, the director now owns 2,714,249 shares of the company’s stock, valued at approximately $25,893,935.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Shyam Sankar sold 1,405,715 shares of Palantir Technologies stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $10.12, for a total transaction of $14,225,835.80. Following the completion of the sale, the chief operating officer now owns 5,666,667 shares of the company’s stock, valued at approximately $57,346,670.04. The disclosure for this sale can be found here. Insiders have sold 17,385,740 shares of company stock worth $169,948,219 over the last ninety days.

Several research analysts recently weighed in on PLTR shares. Morgan Stanley began coverage on shares of Palantir Technologies in a research report on Monday, October 26th. They set an “overweight” rating and a $13.00 price target for the company. Royal Bank of Canada initiated coverage on shares of Palantir Technologies in a research note on Monday, October 26th. They set a “sector perform” rating and a $11.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Palantir Technologies in a research report on Monday, October 26th. They issued a “buy” rating and a $13.00 target price for the company. Smith Barney Citigroup started coverage on shares of Palantir Technologies in a research report on Tuesday, October 27th. They set a “neutral” rating and a $10.00 price target on the stock. Finally, The Goldman Sachs Group began coverage on shares of Palantir Technologies in a research note on Monday, October 26th. They set a “neutral” rating and a $10.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.33.
Shares of PLTR stock opened at $13.83 on Friday. Palantir Technologies Inc has a twelve month low of $8.90 and a twelve month high of $14.96.

Palantir Technologies Profile

Palantir Technologies Inc builds and deploys software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. It offers Palantir Gotham, a software platform for government operatives in the defense and intelligence sectors, which enables users to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, as well as facilitates the handoff between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.

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